Insider Activity Spotlight: Wednesday's Top Buys and Sells Revealed

investing.com 14/11/2024 - 14:00 PM

Insider Buying and Selling Summary

This article summarizes the most significant insider buys and sells for US stocks from Wednesday, November 13, 2024.

Top Insider Buys:

  • Oscar Health Inc. (NYSE:OSCR): Joshua Kushner, co-founder and Vice Chairman, acquired 1,055,478 shares of Class A common stock over three days (Nov 11-13) at prices from $13.5779 to $13.7369, totaling approximately $14.4 million. Acquisitions were through Thrive Capital Partners VII Growth, L.P. and Claremount VII Associates, L.P.

  • Lemonade, Inc. (NYSE:LMND): Director Maria Angelidis-Smith purchased 33,554 shares on November 8 and 13, totaling around $1,007,444, with shares bought at prices between $27.42 and $33.23 through the Smith Family Trust.

  • Lantronix Inc. (NASDAQ:LTRX): CEO Saleel Awsare acquired 80,000 shares on November 13 at a weighted average price of $2.662, amounting to about $212,960. Awsare now directly owns 233,184 shares.

  • Centene Corp (NYSE:CNC): CFO Asher Andrew Lynn bought 17,200 shares at an average price of $58.14 each on November 13, totaling approximately $1,000,008. Lynn holds 486,847.48 shares overall.

Top Insider Sells:

  • Vertex (NASDAQ:VRTX): Significant shareholder Jeffrey Westphal sold 2,485,000 shares of Class A common stock at $48.90 each on November 11, totaling about $121.5 million. This included converting Class B shares into Class A.

  • Reddit, Inc. (NASDAQ:RDDT): Tencent Holdings sold shares worth roughly $197.6 million from November 11 to 13, at prices ranging from $126.35 to $138.5 through subsidiary Tencent Cloud Europe B.V.

  • APi Group Corp (NYSE:APG): Director Ian G.H. Ashken sold 146,132 shares over November 11 and 12, totaling about $5.38 million, part of a Rule 10b5-1 trading plan.

  • Lithia Motors Inc (NYSE:LAD): CEO Bryan DeBoer sold 15,846 shares on November 11 at prices between $385.7253 and $387.0, amounting to approximately $6.1 million.

  • Coupang, Inc. (NYSE:CPNG): CEO Kim Bom sold 15 million shares of Class A common stock at $22.97 each, totaling about $344.55 million, as part of a pre-arranged trading plan from August 12, 2024.

Investors should stay informed about insider buying and selling activities as they can provide valuable insights into a company's internal perspective. While these transactions alone should not be the sole basis for investment decisions, they can be an important factor when evaluating potential opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Greed

    63